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HTB bolsters development finance team with director appointments

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  • 20/07/2022
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Hampshire Trust Bank has appointed three new lending directors to its development finance division.

 

Colin Ness, Richard Payne and Pranav Jain (pictured left to right) have been appointed as the bank expands its proposition to property developers.

Ness has over 24 years’ experience in the commercial and real estate sectors, assisting developers and investors on their projects.

He has previously worked at HSBC, Nationwide, Santander, NatWest and most recently, Aldermore Bank as property development manager covering the South West, South East and South Wales regions.

Richard Payne has over 35 years’ experience working in property-related sectors.

He spent 20 years at Currie and Brown and Singer and Friedlander and Deutsche Bank before being appointed head of real estate at Bank of London and the Middle East. He then became head of development lending at Oblix Capital before joining Adair as director of project monitoring in 2020.

Pranav Jain started his career in banking in 2010 with NatWest before joining HSBC in 2014. He has also worked for various international challenger banks including State Bank of India and Habib Bank AG Zurich.

Alex Upton, managing director of development finance at Hampshire Trust Bank, said: “I’m very pleased to welcome our three new lending directors to HTB. They join at an exciting time for the Bank and come hot on the heels of our trio of business development appointments last month.

“They will be responsible for managing our teams across the regions, working with our broker partners to deliver our continually evolving proposition.”

Ness, said: “I’m delighted to be joining HTB at a very exciting time as the business evolves and I very much look forward to introducing the business to my professional network of clients, helping the team to deliver a trusted, competitive and valued service to the property development industry.”

Payne, added:  “I am delighted to be back to lending money to developers again and joining the expanding team at Hampshire Trust Bank. “Our targets are increasing but I’m sure that between my network of contacts and the great team at HTB we will build upon the existing book and expand our development finance business further over the coming months.”

Jain said: “We are in the middle of challenging economic times but the business is well-placed to support developers with our bespoke solutions. I think it’s a great time to join HTB and can’t wait to get started.”

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